Corient Private Wealth LP Lowers Position in General Dynamics Corporation $GD

Corient Private Wealth LP reduced its stake in General Dynamics Corporation (NYSE:GD) by 22.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 142,773 shares of the aerospace company’s stock after selling 40,576 shares during the period. Corient Private Wealth LP’s holdings in General Dynamics were worth $50,576,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Whipplewood Advisors LLC increased its position in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of General Dynamics during the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC boosted its position in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 39 shares during the period. Paladin Partners LLC acquired a new stake in General Dynamics in the 2nd quarter valued at approximately $30,000. Finally, Center for Financial Planning Inc. raised its position in General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last 90 days. 1.40% of the stock is owned by insiders.

General Dynamics Trading Up 0.6%

GD opened at $356.44 on Friday. The business has a fifty day moving average price of $377.84 and a 200 day moving average price of $357.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The stock has a market capitalization of $96.44 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.05 and a beta of 0.32.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday, July 30th. Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of General Dynamics in a research note on Monday, August 10th. Citigroup raised their target price on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group lifted their target price on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $411.58.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.